Last week, one of White Brook’s core holdings, PetIQ (PETQ) accepted a buyout offer by a private equity firm, Bansk Group, at a ~50% premium to the price the day before.
How many different strategies has GPRE had in the last 10 years? As someone who's had direct investments in that industry, I have never seen a company jump in with both feet after starting with nothing and it turn out even just okay. Yet, GPRE's foray into the business was even worse than I imagined. Last I looked at this company they were promoting a newfangled corn-oil production idea that was going to require lots of CAPEX. Kind of reminds me of that crazy uncle always tinkering with stuff in his garage—but this particular uncle seems to be playing with bigger toys because the explosions have been quite a spectacle. I can honestly say I never thought GPRE would be a profitable investment outside of liquidation strategy. But I've been wrong more than I care to mention.
How many different strategies has GPRE had in the last 10 years? As someone who's had direct investments in that industry, I have never seen a company jump in with both feet after starting with nothing and it turn out even just okay. Yet, GPRE's foray into the business was even worse than I imagined. Last I looked at this company they were promoting a newfangled corn-oil production idea that was going to require lots of CAPEX. Kind of reminds me of that crazy uncle always tinkering with stuff in his garage—but this particular uncle seems to be playing with bigger toys because the explosions have been quite a spectacle. I can honestly say I never thought GPRE would be a profitable investment outside of liquidation strategy. But I've been wrong more than I care to mention.